Banknifty future chart analysis for 04.07.2023As i told you all in my previous analysis of Banknifty that it will reach pretty high,
whenever Bollinger Band bursts , if price reaches already near standard deviation 3 ,
or within a day or two it reaches near standard deviation 3 , then price do not falls, it takes support of
standard deviation 3 and goes much higher along with standard deviation 3, untill it closes below standard deviation
2,there is a high chance that tomorrow you may see a very tiny little day candle or narrow sideway,
Bankniftytips
Banknifty future chart analysis for 30.06.2023As you are seeing here after breaking down long trend it went into making declining wedge
now it also broke out wedge upside.
if price goes above 44516 today , then there is high chance that it will achieve all the levels and
may reach 45466 within a day or two.
in downside if it goes down below 44205 there is a high chance that it will test wedge's upside trend
but if it goes down inside wedge again then you may see 43328 level again.
Bank Nifty future chart analysis for 26.06.2023Aready three times rejected from 44000 levels , as you can see a big pattern support
downside, if banknifty breaks down this support then it may easily 43300.
upside trend is still pretty much at distance , if price goes above 43779 , then it may face
powerful resisdtance , follow C2C asap asnd trail SL, do not leave open position without SL to upside trades.,
Banknifty future chart analysis for 23.06.2023Long upside trend tried to break thrice but failed, it this time crosses over 43885 then it may sustaing , but it will again
face extremely strong resistance from 44052m extremely high liquidity area , profit booking may again come.
if it crosses down below 43664 then may go deep till 43325.
Banknifty future chart analysis for 16.06.2023Huge long trend broke in 30 minute chart first time , it may retest its trend again.
But it breaks down below -43383, you may see a deep move again , till 43042.
if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement.
if it goes above 43716 and the price move will remain slow then you can see a sideways above 43716.
Banknifty future chart analysis for 12.06.2023As you can see here banknifty tested 44000 resistance 4 times and broke
in 5th time.and made new high.
Current scenarion is also showing that banknifty tested support of
44000 , four times and may break in fifth.
CON- sometimes when price test a support multiple times and do not able
to break it . then it again moves above support, and it makes market sentiment bullish.
Banknifty future chart analysis for 08.06.2023Long trend with ascending triangle it can give you move both side, most probably long side if it breaks upside trend.
if it opens at the same level where it left off and crooses over 44448, then you can go long , but keep in mind that
between 44534- to 44506 is super strong resistance price may go down from here.but you can long with shifting sl to c2c asap.
Banknifty future chart analysis for 07.06.2023Long trend , still above long trend and still above 44103 (Pattern Support - long support),
But price is continuously targetting it support of 44103, if it againb breaks down below long trend and long support of 44103,
then it may go down very deep and easily achieve 44002.
above 44433 price may go easly to 44552, but above 44552 may be difficult.
Banknifty future chart analysis 05.06.2023Broad declining wedge , this type of wedge when breaks upside gives nice move, but here
situation is little diffrent cause above thias wedge there is sidways area,
if market opens big gap up there is a high chance that after making one or two positive candle
whether it will fall or will go sideways.
Banknifty future chart analysis for 02.06.2023As i told in my previous analysis that if price again goes down below this prvious 5 tops pattern support
it will go down much lower and it went.
now there is a high chance that price may again try to climb above this 5 top resistance ,today, and if it
happens than you may see a good upmove.
but if it crosses down below 43803, you may see 43432 level.
Banknifty Future chart analysis for 29.05.2023If you can see banknifty attempted 5 times including current one to break its current top, if
it breaks it then you can easily see banknifty touching 44627 today and 45000 coming days.
but if it goes down from here and closes below current top you may see again a short term or medium term down move.